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Cloud communications platform Agora closes $70M Series C to create new developer tools

Agora, a developer of cloud communication APIs, will create products for new markets and verticals after raising a $70 million Series C led by Coatue Management. Existing investors SIG, Morningside Capital and Shunwei Capital also returned for the round, which brings Agora’s total funding so far to $125 million. The startup’s APIs are used by customers, including The Meet Group, Xiaomi, Hike Messenger and Momo, to insert voice, video and group calling or broadcasting features into their apps. Agora claims it recently surpassed two billion installations of its SDKs and routes through its 200 distributed data centers around the world an average of 10 billion minutes of live communications each month. The company is raising capital at a relatively fast pace to support its growth goals. Agora’s last funding announcement was made five months ago, when Agora said it had added a $30 million extension to its Series B, bringing that round to a total of $50 million. Agora was started in 2014 by CEO Tony Zhao, who was a founding engineer at online communication platform WebEx, acquired by Cisco in 2007, and former CTO of Chinese live-streaming video platform YY. Headquartered in Santa Clara, Calif., with offices in Shanghai, Agora is a relatively new entrant to a market that includes competitors like Twilio and Tokbox. Agora’s core product is an SDK that enables developers to insert into their apps voice, video and group calling, as well as interactive broadcasting features, but it also recently added SDKs designed specifically for game developers and Facebook’s React Native framework.

Why Telephones are Still Important for SMEs

We don’t talk as much as we used to. In today’s digital world, we spend more time than ever, face down, staring at our screens. However, for small and medium… Read more » The post Why Telephones are Still Important for SMEs appeared first on Noobpreneur.com.

What Are the Signs That You Need a New Phone System at Your Office?

Do you have employees who spend a significant part of their work hours on the road? Have you tried to fix or upgrade your landline phone system as your company has grown, but have been frustrated by the cost or inability to accommodate new employees? Are there features such as automated receptionists and computer integration […] The post What Are the Signs That You Need a New Phone System at Your Office? appeared first on SmallBizClub.

Is Your SMB’s Internet VoIP Ready?

The landline went out of style years ago, but most businesses are just finalizing the switch to a new communication strategy, voice over internet protocol (VoIP), a unified, flexible alternative… Read more » The post Is Your SMB’s Internet VoIP Ready? appeared first on Noobpreneur.com.

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